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We had the opportunity to meet with the Kansas Securities and Exchange Commission and the Emporia State University School of Business to discuss some innovations in crowdfunding concepts last week.  By combining real world application, academic prowess and regulatory institutions, it is our hope that we can create better conduits for local people that want to invest in business start ups or expansions.
Emporia Main Street 
E-Newsletter


The weather cleared up for most of the Flatland Cruisers Car Show, area graduates were honored, and now we take one last deep breath before the insanity that is the Dirty Kanza rolls in.  Be prepared for bikers everywhere!  Please drive carefully, watch for extra training rides on gravel and chain up your dogs if they have a tendency to chase bikes.  And, please go out of your way to make all of our guests feel welcome.  Hard work and ingenuity are the community's competitive advantages, and you can help Emporia achieve great things by doing your part during big events!
 

 

 

 

  
 

 

  
  

For more information on the Tallgrass Writing Workshop, CLICK HERE.

   
  


For more information on the Emporia Arts Center, Click HERE.




 


 
  

Wild Edibles Trek        

Stories, local history, plant identification, recipes, and more are all part of our fascinating adventures along the trail. We will cover 2+ miles of trail. You'll learn more than you ever thought possible and get a new perspective on the practical uses of edible and medicinal plants. Fishing plants, fire-starting plants, Kansas bananas, Vitamin C drinks, sweet water from a grape vine, pine needle tea, medicines, poisons, life-saving information, and a visit to an Indian earth lodge are part of the September trek.So, put together a group of family and friends, and let's take a hike!  Sponsored by the Emil Babinger Trust.

Instructor: John Crisp

Cost: $5 

Schedule: Saturday, May 30th, 9:00am-12:00pm

Location: Shepherd's Valley Farm, 2408 S 100 Rd, Americus, KS 66835

 

To enroll please visit https://flinthills.augusoft.net/  or call 620-341-1392.

 

Amy Becker

Director of Sustainability & Community Education

Flint Hills Technical College

620-341-1392

[email protected]

 

  Mobile App QR Codes

 Learn more about local amenities, organizations, businesses, events and more with the E-Town Mobile App!  The ETown App is a joint project among Emporia State University, Flint Hills Technical College, USD 253, The Emporia Gazette, the City of Emporia, the Emporia Convention and Visitors Bureau and Emporia Main Street.

 

For IPhone Users, Click Here!

 

For Android Users, Click Here!

 

For the iPad Version, Click Here! 

 

For the Web Version, click here:

www.etownapp.com 

Property Availability Guide
For property owners with property available for rent or sale, this is a free service to collect information and post it on the Emporia Main Street Web Site.  With other market information available, we hope this site makes it easier for potential businesses and property developers to find spaces they need.
CLICK HERE to enter information about your available property and view previously submitted information.
Business Investment Guide
Business Investment Guide 
 

Do you know a business that should locate in Emporia?  Maybe you know an entrepreneur looking for resources or a business owner looking to expand?  The Business Investment Guide is community information designed to help you point your contacts in the right direction!

 

CLICK HERE for the INVESTMENT GUIDE

       The Invest Kansas Exemption and its role in area crowdfunding

The word "crowdfunding" has become associated with on-line portals like kickstarter or IndieGoGo which provide people the opportunity to donate to a business start up-sometimes in exchange for basic merchandise.  Because these are basically considered donations with a high "buyer beware" threshold, they aren't deemed a security.  Those of us that concentrate on funding for small businesses, and the expansion of existing locally owned businesses know that the true power of crowdfunding comes when people consider their funding power as a legitimate investment in their local economy.

 

The problem with soliciting funds on a mass scale from the general public is that you can inadvertently form a "security" and easily violate securities rules and regulations.  These legal standards were set in place to prevent individuals from taking advantage of unsuspecting investors by requiring that solicitors follow a set of guidelines.  The Kansas Securities and Exchange Commission found a middle ground between regulated securities and crowdfunding with their IKE fundraising mechanism.

 

For those of you familiar with the Radius Brewing Company concept, IKE was used to solicit funds from twenty-two local investors at a maximum $5,000 level (larger investors used a different mechanism).  The IKE program resulted in approximately $100,000 raised with the principal paid back after a seven year period and interest paid in the form of $30 monthly gift certificates (this equals approximately a 7% interest rate).

 

IKE still has a series of rules (CLICK HERE for more information), but it simplifies the investing process.  The form is relatively short (CLICK HERE for the link), and the process is fairly straightforward.  The major things you want to remember are: 1. File BEFORE you solicit.  2.  IKE was meant for in-state investors, and 3. The maximum contribution for non-vested investors is $5,000.  There are, of course, other regulations to consider.

 

More programs exist within the Kansas Securities and Exchange Commission that are designed to help businesses and prospective businesses raise capital.  The IKE program has been used a total of eight times in the state of Kansas since its inception, and Radius is generally referred to as the "best example of success" within the program parameters.  But, for people looking to raise more extensive funding, there are other programs and assistance within the Kansas Securities and Exchange Commission.

 

These programs aren't a good fit for everyone.  Typically, crowdfunding requires a business type that the community identifies as a pervasive need that is unique within the market trade area.  If you are opening up the fourth version of the same type of business within a market, it may be difficult to garner public investment support.  If you have a unique concept, and need capital and the public support that encompasses crowdfunding activities, then IKE (or other programs) may be right for you.

 

Potential investors need to know that IKE funding, security based funding, or even securities based funding are typically an "at risk" funding type- meaning you can lose some or all of your investment.  If you purchase a stock on the stock market for $50, and the company implodes and suddenly the stock is worth 25 cents, you've lost $49.75.  All investments carry risk.  One of the reasons why we met with Kansas Securities and Exchange officials was to talk about ways to mitigate those risks.

 

Risk displays elasticity in economic models.  By working with the Kansas Securities and Exchange Commission to create centralized portals, and working with backing agencies to help modify the parameters of principal associated with loans, equity investments or convertible notes, we hope to mitigate risk to an extent where we can encourage involvement in vetted business concepts.

 

Emporia Main Street researches potential funding avenues for you and other potential entrepreneurs because we understand the importance of full capitalization on the success of a business.  While we will admit that delving into the world of securities isn't exactly "fun", all of you are worth the hours of research to promote existing programs and modify market opportunities to fit your needs.

 

Im a Main Streeter 

 Did you know???

Last week we took Logan Avenue 5th Graders on a tour of the Howe House, met with some local foundation representatives about community needs, held a Promotions Team Meeting, hosted a Design Team Meeting, attended a Dirty Kanza meeting, did some individual consulting with a few local businesses, worked with some corporate groups attending the Dirty Kanza, met with the Kansas Securities and Exchange Commission, worked with the folks at the Brickyard 20 Ale House and American Cancer Society to provide fencing for their event, worked with public works to answer some logistical issues for the Flatland Cruisers Car Show, coordinated media for some upcoming events and prepped for a busy end to the month.  May is just crazy around Main Street, but all the activity generates some 
good questions from all of you
!

   
1.  "Why were you meeting with the Kansas Securities and Exchange Commission?"- From a local member.  Two reasons: First, Radius Brewing Company represents the most successful use of a type of funding called "IKE".  For those individuals that were part of the "Founders Club", they were participants in IKE Crowdfunding that allows unique funding without a "securities" classification.  The second reason is a little more complex.  After Radius opened, we met with a number of individuals that contributed to the project, and some that chose not to contribute.  Similar to our after event reporting, when we engage in a new type of project we want to get feedback on how we can improve.  We took some of the initial thoughts to the ESU School of Business, and together we set a basis for a new concept in crowdfunded loans, equity purchases and/or convertible notes that have a corresponding risk mitigation system embedded that encourages diverse community financial support for qualifying business start ups and/or expansions.  Now, I know that may have sounded like a bunch of goop thrown at a page, but we are trying to find creative ways to implement a sustainable, diverse and growing economy.  As the project continues, we will have more community discussions about how the crowd can take ownership of our business future in Emporia.  For an article concerning the Securities and Exchange Commission visit to Emporia, CLICK HERE.
 
2. "Do you need any help during the DK?" From a committee member.  Always.  The midnight clean up is always the most difficult part of the event, but we have a lot of other volunteer opportunities both Friday and Saturday.  If you want to get involved, please contact Emporia Main Street.



3. "Is the Dirty Kanza a rain or shine event?"  From a vendor.   Unless we have truly severe weather, yes.



4.  "Are all the houses behind the Chelsea project going away?" From a local resident.  The structure on the far north side of the 1000 Block of Mechanic Street is staying.  All the dilapidated houses to the south of the structure are going away to make room for a public parking lot.

Mulreadys Logo
Happy Hour Specials- 4 to 7 p.m.
Monday- Our Signature Drinks are $1 off
Tuesday- All Draws are $1 off
Wednesday- Dealers Choice (whatever we're in the mood to do!)
Follow Mulready's on Facebook and Twitter!

 

5.  "Can I sign up for a Veteran's Banner?" From a ton of people that have stopped by the office.  We will release the new application for Veteran's Banners very soon.  We confirmed with IM Design that the price of the banners will again be $150.  On July 1, at 8:00 a.m. in the Emporia Main Street office, we will start accepting fully complete applications (picture, descriptions and payment).  The first 55 of those complete applications will receive a banner this year.


 
 

 


 

 

In This Issue #295 05/19/15
May Events
Circus
Ride Along for Charity
Tallgrass Writing Workshop
Emporia Arts Center
Big Brothers Big Sisters
FHTC Classes
ETown Mobile Application
Properties Available
Business Investment Guide
Invest Kansas Exemption
Did You Know?
Calendar of Events

President's Circle

 

ERG

Emporia Realty Group

www.emporiarealtygroup.com

608 Commercial

620-412-9850

 

IM Design Group  
 
IM Design Group

www.imdesigngroup.com

17 W. 5th

620-343-3909

KISS logo
541 Sherman

www.kiss103.1.net

620-343-6144

 

Brickyard 20 Ale House

Brickyard 20 Ale House

402 Merchant

www.brickyard20alehouse.com

 

Image result for u.s. cellular logo

2326 Industrial Road

620-342-0150

Benefactors 

 

Bobby D's Merchant Street BBQ

 

Cable One

 

ESB Financial 

 

Flint Hills Roofing and Gutter

 

Journeys Inc.

 

KVOE AM 1400KVOE FM 101.7MIX 104.9

 

Longbine Auto Plaza

 

Moon Title & Escrow

 

Roberts Blue Barnett Funeral Home

Evergreen Design Build
Kaw Valley Engineering
Emporia Main Street Calendar of Events

 

May 20

Board of Directors Meeting

8:00 a.m. in the Emporia Main Street office

 

May 27

Business Enhancement Meeting

8:00 a.m. in the Emporia Main Street office

 

Mr. Stinky Feet

Emporia Public Library

Brown Bag- Noon at the Library

 

May 30

The Dirty Kanza

 

June 3

Eric Vaughn

Emporia Public Library

Brown Bag- noon at the Library

 

June 10

Richard Renner - 

Vodvill Klown

Emporia Public Library Brown Bag- Noon at the Library

 

June 17

Randy's Music Jam - 

Randy Sauer

Emporia Public Library

Brown Bag- Noon at the Library


 

June 24

35th Infantry Division Band Brass Quintet

Emporia Public Library

Brown Bag- Noon at the Library

 

July 1

The Band of Many Colors

Emporia Public Library

Brown Bag- Noon at the Library

 

July 8

Hispanic Roots Folkloric Dance

Emporia Public Library

Brown Bag- Noon at the Library

 

July 15

Drum Safari

Emporia Public Library

Brown Bag- Noon at the Library

 

July 16

Midnight Madness

 

August 17

Welcome Back Block Party

 

September 12

Great American Market

 

 

For more community event listings, please visit:

www.etownapp.com 

 

Do you have an upcoming event for your business or organization?

 

Let Emporia Main Street know and we may include it on our upcoming calendars!

 

General Level Members

 

AKA Marketing

 

Amish Woodworks

 

Applebees

  

Ash LLC

 

Atherton & Huth

 

Bath Expressions

 

The Beauty Bar

 

Ben Moore Studio

 

Bennett Dental Group

 

BG Consultants

 

BLI Rentals

 

Bluestem Farm and Ranch

 

Brown's Shoe Fit

 

Bruff's Bar and Grill

 

C & J Woodworks


Candlewood Suites

 

Capitol Federal

 

Cassell Insurance

 

Chester Press

  

Clark Carpet and Tile, Inc.

  

Coffelt Sign Co.

  

Complete Works

  

Country Mart/Price Chopper

 

Dan's Hands Massage

 

Davis Paints

 

DG Wingz

 

Disciple Shoppe

 

Dorsey Eye Care

 

Douglas Chiropractic

 

Dr. Kerri Thompson, DDS

 

Dynamic Discs

 

Eastwood Lake Apartments

 

Eclectic Bikes

 

Ek Real Estate

 

Emporia Construction and Remodeling

 

Emporia Radio Stations: KVOE, 104.9 & 101.7

 

Emporia State Federal Credit Union

 

E-Town Solutions

 

ESU Memorial Union

 

Evergreen Design-Build

 

Flint Hills Eye Care

 

Flint Hills Mall

Association

 

Flint Hills Music

 

Floyd's Automotive

 

Forget Me Not Productions

 

Four Seasons Apartments

 

George Groh and Sons

 

Gerald Schumann Electric

 

Granada Coffee Company

 

Graves Drug Store

 

Haag Management

 

Hair Krafters

 

Heart Center Studio

 

Helbert & Allemang

 

High Gear

   

Java Cat Coffeehouse

 

Jimmy Johns

 

Junque Drawer Emporium

 

Kansas Radio 96.1 The Wave

 

King Liquor

 

L & L Pets

 

Little Red Rooster

 

Lyon County State Bank

 

Lyon County Title 

 

Mark II Lumber

 

McDonalds

 

McKinzie Pest Control

 

Midas Touch Tans

 

Mike Alpers Agency

 

Mr. Sisters Sweets

 

Modern Air Conditioning, Inc.

  

Mulready's Pub

 

Navrats Office Supply

 

Papa John's Pizza

 

Paper Moon Antiques

 

Pizza Hut

 

Pizza Ranch

 

Plum Bazaar

 

Poehler Mercantile

 

Pool and Associates

 

Prairie Sage Apartments

 

Pro-Cuts

 

Rand Simmons Law Office

 

Redline Trucking

 

Reflxns Salon

 

Rhinestone Cowgirl Salon

 

Rockin' Accessories

 

Sauder Custom Fabrication

 

Schellers Lawn and Landscape

 

Scott's Lawn and Landscaping

 

Second Love Gifts

 

Stanley Jewelry

  

Studio 11

 

Studio 50.4

 

Subway

 

Sunflower Gymnastics

 

Sutherlands Lumber Co.

 

Sweet Granada

 

Textbook Corner

 

Thompson Auto Repair

 

Thrifts and Gifts

 

Toso Appraisal

 

Total Technology

 

Town Crier Bookstore

 

Triad Leasing

 

Uncommon Threads

 

Value-Net LLC 

 

Waters True Value Hardware

 

Westar Energy

 

Williams Automotive

 

Wright CPA Group PA

 

Wright's Furniture

 

Xan-A-Do Salon


Non Profit Level Members 

 

Big Brothers Big Sisters

 

Cradle to Career Cneter

 

Emporia Eastside Community Group

 

EHS- FBLA

 

Emporia Arts Council

 

Emporia Chamber of Commerce

 

Emporia Farmers Market

 

Emporia Friends of the Zoo

 

Emporia Presbyterian Church

 

Emporia Friends of the Library

 

ESU- Alumni Association

 

ESU- Small Business Development Center

 

ESU- Memorial Union

 

ESU- Theatre Dept.

 

Flint Hills Community Health Center

 

Granada Theatre Alliance

 

National Teachers Hall of Fame

 

Saint Francis Community Services

 

Salvation Army

 

SOS

 

TFI Family Services


Home Based Business Members

 

Avon- Amanda Hopkins

  

Gold Canyon Candles- Stephanie Morgan

 

Green Door Recycling

 

Interdependent Web, LLC

 

Mary Kay- Lori Engle

 

Origami Owl- Angela Dowell

 

Paula's Creations

 

Pampered Chef- Chelsea Gerleman

 

Purse Lady- Nancy Crawford

 

Tastefully Simple- Vanessa Apodaca

 

Thirty One Gifts- Linsey Hopkins

 

Individual Supporters

 

Amy and Rick Becker 

 

Amy Evans

 

Brad Harzman

 

Dale & Carolyn Davis

 

Don Hill

 

Erin and Casey Woods

 

Joyce Zhou

 

Julie Johnson

 

Kayle Oney

 

Kelly Wade

 

Lynn Knechtel

 

Mark and Amy McAnarney

 

Michael and Karen Shonrock

 

Valerie and Matt Zimmerman

 

Roger Heineken

 

Smitty Smith

 

Sue Blechl

 

Tim & Mary Helmer

 

Tyler & Melanie Curtis

 

Yvonne Pool

  

                                                                                       Main Street Logo                             
                                   Casey Woods                                        
Emporia Main Street
12 E. 5th Avenue
Emporia, KS 66801
(P) 620-340-6430
(F) 620-340-6434
If you only want to go where you've already been, always do what you've already done.  If you want to achieve something different, you must do things differently.